Sterling Capital Management LLC Decreases Stock Position in FirstEnergy Corporation $FE

Sterling Capital Management LLC trimmed its holdings in FirstEnergy Corporation (NYSE:FE) by 43.2% during the first quarter, Holdings Channel.com reports. The fund owned 18,480 shares of the utilities provider’s stock after selling 14,052 shares during the period. Sterling Capital Management LLC’s holdings in FirstEnergy were worth $936,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Parallel Advisors LLC raised its position in FirstEnergy by 4.1% during the fourth quarter. Parallel Advisors LLC now owns 5,381 shares of the utilities provider’s stock worth $241,000 after acquiring an additional 213 shares during the last quarter. Dorsey & Whitney Trust CO LLC raised its position in shares of FirstEnergy by 5.0% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 4,677 shares of the utilities provider’s stock valued at $209,000 after buying an additional 223 shares during the last quarter. Signaturefd LLC lifted its stake in shares of FirstEnergy by 4.8% during the fourth quarter. Signaturefd LLC now owns 5,181 shares of the utilities provider’s stock valued at $232,000 after buying an additional 235 shares during the period. Allworth Financial LP boosted its position in FirstEnergy by 3.7% during the fourth quarter. Allworth Financial LP now owns 6,778 shares of the utilities provider’s stock worth $303,000 after acquiring an additional 241 shares during the last quarter. Finally, Intrust Bank NA boosted its position in FirstEnergy by 2.7% during the fourth quarter. Intrust Bank NA now owns 9,089 shares of the utilities provider’s stock worth $407,000 after acquiring an additional 243 shares during the last quarter. 89.41% of the stock is currently owned by hedge funds and other institutional investors.

FirstEnergy Stock Performance

NYSE:FE opened at $47.60 on Wednesday. The company has a market cap of $27.54 billion, a P/E ratio of 25.87, a P/E/G ratio of 2.30 and a beta of 0.47. The firm’s 50 day moving average is $46.62 and its two-hundred day moving average is $47.63. FirstEnergy Corporation has a fifty-two week low of $39.34 and a fifty-two week high of $52.34. The company has a quick ratio of 0.42, a current ratio of 0.52 and a debt-to-equity ratio of 1.87.

FirstEnergy (NYSE:FE) last announced its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $0.72 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.72. The company had revenue of $4.20 billion during the quarter, compared to analysts’ expectations of $3.80 billion. FirstEnergy had a net margin of 6.86% and a return on equity of 10.66%. The business’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.67 EPS. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. Analysts expect that FirstEnergy Corporation will post 2.73 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Barclays lifted their target price on shares of FirstEnergy from $50.00 to $53.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 8th. Weiss Ratings cut FirstEnergy from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, June 17th. Wolfe Research downgraded FirstEnergy from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. Morgan Stanley reiterated an “overweight” rating and issued a $52.00 target price on shares of FirstEnergy in a research note on Wednesday, June 24th. Finally, Wells Fargo & Company reiterated an “overweight” rating and set a $55.00 target price on shares of FirstEnergy in a research report on Tuesday, April 21st. Seven investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, FirstEnergy has a consensus rating of “Moderate Buy” and an average target price of $52.23.

About FirstEnergy

FirstEnergy Corp. (NYSE: FE) is a U.S.-based electric utility holding company headquartered in Akron, Ohio. The company’s primary business is the delivery of electricity through its regulated transmission and distribution utilities, serving residential, commercial and industrial customers across parts of the Midwest and Mid‑Atlantic. FirstEnergy’s service territory includes states such as Ohio, Pennsylvania, New Jersey, Maryland and West Virginia, and it operates primarily within the PJM regional transmission organization.

FirstEnergy’s core activities center on owning and operating electric distribution networks and transmission systems, maintaining and upgrading grid infrastructure, managing storm response and restoration, and offering customer programs that include energy efficiency and reliability services.